Lockheed Martin received a $4.7 billion undefinitized contract to accelerate PAC-3 Missile Segment Enhancement (MSE) interceptor production.
The company announced the tentative deal on April 10.
This agreement allows Lockheed Martin to immediately expand its manufacturing capacity.
Heightened geopolitical tensions are driving surging global demand for these advanced air and missile defense systems.
The contract impacts both Lockheed’s production lines and the broader defense supply chain.